ENRA Group Berhad Annual Report 2018

67 A N N U A L R E P O R T 2 0 1 8 1. CORPORATE INFORMATION ENRA Group Berhad (“the Company”) is a public limited liability company, incorporated and domiciled in Malaysia, and is listed on the Main Market of Bursa Malaysia Securities Berhad. The registered office and principal place of business of the Company is located at D2-U3-10, Block D2, Solaris Dutamas, No.1, Jalan Dutamas 1, 50480 Kuala Lumpur. The consolidated financial statements for the financial year ended 31 March 2018 comprise the Company and its subsidiaries. These financial statements are presented in Ringgit Malaysia (“RM”), which is also the functional currency of the Company. All financial information presented in RM has been rounded to the nearest thousand, unless otherwise stated. The financial statements were authorised for issue in accordance with a resolution by the Board of Directors on 27 June 2018. 2. PRINCIPAL ACTIVITIES The Company is principally engaged in property investment, investment holding and investment services activities. The principal activities of the subsidiaries are set out in Note 6 to the financial statements. There have been no significant changes in the nature of these activities during the financial year except for those disclosed in Note 6 to the financial statements. 3. BASIS OF PREPARATION The financial statements of the Group and of the Company have been prepared in accordance with Financial Reporting Standards (“FRSs”) and the provisions of the Companies Act 2016 in Malaysia. The financial statements of the Group and of the Company have been prepared under the historical cost convention except as otherwise stated in the financial statements. The preparation of financial statements in conformity with FRSs requires the Directors to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses and disclosure of contingent assets and contingent liabilities. 4. PROPERTY, PLANT AND EQUIPMENT Group 2018 Balance as at 1.4.2017 Additions Disposals Depreciation charge for the year Balance as at 31.3.2018 RM’000 RM’000 RM’000 RM’000 RM’000 Carrying amount Furniture, fittings, renovation and office equipment 1,330 43 (6) (549) 818 Computer hardware and software 434 123 (41) (234) 282 Motor vehicles 1,241 107 - (332) 1,016 Plant and machinery 711 1,901 - (197) 2,415 3,716 2,174 (47) (1,312) 4,531 NOTES TO THE FINANCIAL STATEMENTS 31 March 2018